Press release
Embedded Security Market Predicted to grow at a CAGR of 7.2% from 2023 to 2033
Embedded Security Market
Embedded security refers to the incorporation of security features into various hardware and software components of an electronic system. These security features are used to protect the electronic system from unauthorized access, tampering, and data breaches.
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The embedded security market is a rapidly growing industry due to the increasing use of internet-connected devices and the growing concerns around cybersecurity threats. The market includes a wide range of products and solutions, including secure microcontrollers, secure elements, embedded SIMs, hardware security modules, and trusted platform modules.
The market is driven by various factors such as the increasing adoption of connected devices in various industries, the growing demand for secure and reliable systems, and the rising need for data protection and privacy. In addition, the increasing use of IoT devices in critical applications such as healthcare, automotive, and industrial automation is also driving the growth of the embedded security market.
The market is segmented based on component, application, and geography. The component segment includes hardware and software. The application segment includes automotive, healthcare, industrial, consumer electronics, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
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Competitive Landscape
In May 2021, Microchip launched the trust platform design suite (TPDS), a software platform for device configuration and on boarding to Microchip's secure provisioning services.
Key Players:
Microchip
Texas Instruments
McAfee LLC
Advantech Co., Ltd.
STMicroelectronics
Renesas
Broadcom Inc.
Hitex GmbH
Qualcomm
Analog Devices, Inc.
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